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$1 BILLION MEGA MILLIONS LOTTERY DRAWING TONIGHTReply
I have to stop you when you say That current value is what the lottery calls cash value. That is false. An annuity is a contract, not a bank account earning interest. It is not worth the amount of seed money that generated the contract, is worth the total payout amount of the contract. I'll try to give you a real-world illustration so you can understand. Ever hear of companies that buy out annuities? Well, they buy annuities based on a discount from the total payout. They don't buy it based o
Oct 19, 2018, 9:42 pm - Todd - Lottery News

Aunt threatens to sue nephew over lottery jackpotReply
In most states if the dollar amount was $1000 or less you may be correct. But my understanding is, over $1000 and contract law would be followed. Since we don't have more details in the story to know if 'signing' the ticket means you are bound by the rules/contract we really don't know what would prevail in this case. It could be just as you say and the 'rules' could let them verbally determine who gets what.
Jul 16, 2018, 5:41 pm - DELotteryPlyr - Lottery News

Hoosier Lottery often pulls plug on high-dollar scratch-off games before all prizes can be wonReply
More than 51 percent of high prize scratch-off game tickets worth more than $1 million have gone unclaimed in the five years since IGT took over. Prior to IGT's takeover of the Hoosier Lottery, 10 percent of high-dollar scratch-off prizes weren't awarded. Wow from 10% to 51%. That's because the company pulled the plug on those games before about half of the tickets could be sold. Indiana lottery officials defended the increased rate of unsold prize-winning tickets, sayin
Apr 6, 2018, 10:00 pm - ckrakowski - Lottery News

CT consumer protection agency issues investigative report about botched raffle drawingReply
Human error and several missed it. Maybe Connecticut will sue Marcum for the amount of the blunder or at least get out of the contract. Hopefully without paying for the rest of the contract, but that never happens somehow.
Feb 16, 2018, 9:31 am - Bleudog101 - Lottery News

S.C. lottery glitch could result in $35 million in prize payouts; NJ firm will investigateReply
http://www.wistv.com/story/36158976/a-legal-challenge-and-contract-dispute-could-put-state-lottery-scholarships-at-stake The South Carolina Education Lottery wants to switch to a faster, more efficient gaming system. But the lottery s interim director says a legal challenge filed this month by the contractor behind the current system could delay the complicated transition process. In a letter to the state s Chief Procurement Officer, SCEL Interim Executive Director Hogan Brown calls for
Jan 24, 2018, 12:07 pm - zephbe - Lottery News

Florida Governor appeals loss in lottery caseReply
This makes no sense. Why is he fighting so hard to keep a contract that shouldn't have been allowed in the first place? This is a built in security measure to prevent exactly this. Why can't they simply draw up a new agreement that stays within the bounds of the law? If this company doesn't like it, so what? It's implausible that they're the only company willing to throw their hat in the ring to obtain such a lucrative contract. Ridiculous waste of state resources and court time.
Mar 31, 2017, 5:41 pm - Teddi - Lottery News

Woman quit job days before winning $3.3M lotteryReply
She might have been a type of contract employee/temp and chose to end a bad assignment early...
Feb 7, 2017, 6:05 am - Artist77 - Lottery News

British Columbia Lottery taking bets on US electionReply
Maybe they can renegotiate their contract to include adult diapers and vomit bags...you know, for effect.....gonna be YUGE
Nov 11, 2016, 2:18 am - JAMORA - Lottery News

Oregon Lottery director abruptly replacedReply
He may have a contract that says he still gets paid if fired, but gets zilch if quits.
Apr 28, 2016, 11:24 am - haymaker - Lottery News

Consultant lays out 'ambitious' vision for Arkansas LotteryNews Story
A consultant for the Arkansas Scholarship Lottery envisions ticket sales steadily increasing from $450 million in the current fiscal year to $615 million by fiscal 2021 and net proceeds for scholarships rising from $85 million to $109 million in the same period. Camelot Global Services' self-described ambitious five-year business plan proposes many changes, including overhauling the portfolio of scratch-off and draw-game tickets, increasing the lottery's $5 million marketing budget to $7.5 mi
Mar 13, 2016, 11:33 am - Todd - Lottery News